EX-10.3 11 b408631_ex10-3.txt PATENT ASSIGNMENT Exhibit 10.3 PATENT ASSIGNMENT ASSIGNMENT made as of January 15, 2005 by Paul Janssens, an individual residing at 992 Winterberry Drive, Marco Island, Florida 34145 ("Assignor"), to Alternative Construction Company, Inc., a Florida corporation with offices at 1900 S. Harbor City Blvd., Suite 315, Melbourne, FL 32955 ("Assignee"). Letters patent of the United States have been issued to Francis J. Hesser and Al Demopolis, the Inventors and sold to the Assignor for a structural panel system which are numbered 5,373,678 and dated December 20, 1994. The Assignor is the sole owner of said patent and of all rights thereunder. The Assignee wishes to acquire all interest in the improvement and the patent. Now therefore, in consideration of the sum of ten dollars ($10.00) and other valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Assignor hereby assigns to the Assignee all of Assignor's interest in said letters patent, said interest to extend to the full end of the term for which the letters patent or any reissues, renewals, or extensions thereof are or may be granted. In witness whereof the Assignor has executed this instrument. ----------------------------------- Paul Janssens State of Florida } County of Collier } ss.: On the __ day of ___________ 200_, before me personally came Paul Janssens, who acknowledged that he resides at 992 Winterberry Drive, Marco Island, FL 34145 and he is the individual who executed the accompanying Patent Assignment. ----------------------------------- Notary